The Nigerian National Petroleum Company (NNPC) Limited has said that it is working assiduously to ensure the timely delivery of gas pipeline infrastructure projects.
The NNPC’s group chief executive officer (GCEO), Mele Kyari spoke at a lecture on Thursday, and said the projects will connect West African countries in order to deliver natural gas to international markets.
The NNPC boss said Nigeria’s domestic gas infrastructure network has the capacity to transport 6.9 billion standard cubic feet (BCF) of gas to support power generation and gas-based industries.
He said Nigeria’s huge investment in gas infrastructure is hinged on its growing natural gas reserves, supporting the nation’s aspiration to create Africa’s biggest industrial hub powered by low-carbon energy.
Kyari said the national oil firm was capitalizing on Nigeria’s huge natural gas reserves of over 200 trillion cubic feet (TCF), which have the potential to reach 600 TCF, as more investment is expected due to the recent resolution of the production sharing contract disputes with partners.
He added that the significant reserve would serve as a low-carbon energy alternative that would support growth in the power and industrial sectors, address energy poverty, reduce the carbon footprint, and create more job opportunities.
“NNPC is playing a leading role in the realization of the national gas expansion program, which seeks to deepen natural gas utilisation as an alternative transportation fuel and an important feedstock for gas-based industries development,” Kyari said.
“We are working assiduously to ensure timely delivery of gas pipeline infrastructure projects, including the Abuja-Kaduna-Kano gas pipeline corridor, [the] planned Nigeria-Morocco, and Trans-Sahara Gas pipelines that will connect West African countries to deliver natural gas to international markets.”
Kyari added that the NNPC was leveraging the provisions of the Petroleum Industry Act (PIA) to attract more investment in the Nigerian petroleum sector in order to continue to ensure energy access while aligning with the global transition goals.
“As part of our sustainability strategy, NNPC is deploying carbon-reduction initiatives to gradually decarbonize our operations and improve our compliance with global emission reduction,” the NNPC GCEO said.
“All of these cannot be achieved if we do not have security over our operations. We will continue to further deepen collaboration amongst all the relevant stakeholders, including government security agencies, host communities, and others, to enhance energy security.
“NNPC will deepen relationships with the industry, governments, research institutions, and academia to strengthen its renewable energy division and pursue commercially viable new energy ventures in line with Nigeria’s net-zero aspiration by 2060.”